Dimensional Fund Advisors LP Raises Stake in EOG Resources, Inc. (NYSE:EOG)

Dimensional Fund Advisors LP lifted its position in EOG Resources, Inc. (NYSE:EOG) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,473,897 shares of the energy exploration company’s stock after purchasing an additional 258,732 shares during the period. Dimensional Fund Advisors LP owned about 0.78% of EOG Resources worth $563,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Waycross Partners LLC lifted its position in shares of EOG Resources by 13.1% in the second quarter. Waycross Partners LLC now owns 84,965 shares of the energy exploration company’s stock valued at $10,695,000 after acquiring an additional 9,847 shares in the last quarter. Rathbones Group PLC lifted its holdings in EOG Resources by 4.1% in the 2nd quarter. Rathbones Group PLC now owns 30,234 shares of the energy exploration company’s stock worth $3,806,000 after purchasing an additional 1,190 shares in the last quarter. Plato Investment Management Ltd boosted its stake in EOG Resources by 185.4% in the 2nd quarter. Plato Investment Management Ltd now owns 1,627 shares of the energy exploration company’s stock worth $205,000 after purchasing an additional 1,057 shares during the period. Pinion Investment Advisors LLC lifted its holdings in shares of EOG Resources by 8.1% in the second quarter. Pinion Investment Advisors LLC now owns 4,280 shares of the energy exploration company’s stock worth $539,000 after buying an additional 319 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of EOG Resources by 4.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,093,902 shares of the energy exploration company’s stock worth $263,559,000 after acquiring an additional 85,530 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a research note on Wednesday, July 10th. Truist Financial decreased their price target on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Wolfe Research initiated coverage on shares of EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. UBS Group upped their target price on shares of EOG Resources from $166.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Susquehanna dropped their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $143.63.

EOG Resources Stock Performance

Shares of EOG opened at $119.37 on Monday. The stock has a 50-day moving average of $125.93 and a two-hundred day moving average of $126.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The stock has a market cap of $67.87 billion, a P/E ratio of 9.43, a P/E/G ratio of 2.95 and a beta of 1.28. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $2.49 EPS. As a group, research analysts predict that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.